Technical
Financial
Distress signals
Property profile

626 Sprague Ave Tacoma, WA 98405

OFF-MARKET
Strip malls
Property ID
US90-1368833
3,300 SF 0.29 ac lot Built 1983
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,300 SF
Lot 0.29 ac (12,500 SF)
Zoning code NCX
APN 3010000011
UPID US90-1368833

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon
  • Restaurant

Location

626 Sprague Ave Tacoma, WA 98405-3006
Tacoma metro Census 61300 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2012
5 recorded transactions
2012
Price N/A
2008
$4.6M
2002
$16,124
1999
$1.6M
1969
Price N/A

Zoning & alternative use

NCX · Tacoma, WA
Zoning description

NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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